Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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3,178 news items in Steel Mills. Show all
Major Chinese steel producer, Baoshan Iron & Steel (Baosteel) reported nearly unchanged net profit for the first half of 2024, as strong overseas orders and cost-cutting measures counterbalanced weak domestic demand…
SAIL's Rourkela Steel Plant (RSP), in partnership with its Research and Development Centre for Iron and Steel (RDCIS), has successfully initiated the use of biochar in Blast Furnace #1. On August 24, 2024, Atanu…
Pakistani flat steel producers, International Steels Limited (ISL) and Aisha Steel, have announced new prices for CR and galvanized coil products in the domestic market. ISL's CRC (1mm) is priced at PKR 211,500 (USD…
The enforcement of a new mining cess, or tax, by some states, following a Supreme Court ruling, may exacerbate cost pressures for the domestic steel industry, according to rating agency ICRA. On August 14, the Supreme…
Magnitogorsk Iron and Steel Works (MMK) has implemented a machine learning-based digital system to optimize oxygen supply to its blast furnaces. The system, trained on historical data, provides accurate oxygen level…
Turkey's Cinar Boru announced that its subsidiary, Cinar Celik, has launched a new pickling line in Eregli, according to local media reports. The company invested over USD 20 mln in the new line, which has an annual…
The Supervisory Board and Executive Board of Salzgitter AG have approved the construction of a new hot straightening machine at the Salzgitter Mannesmann Grobblech GmbH plant in Mulheim an der Ruhr, marking one of the…
Thyssenkrupp Materials Processing Europe, a leading steel and aluminum service center, is expanding its capacities with a low double-digit mln euro investment. At its Stuttgart site, the company plans to install two new…
Turkish steel producer Kardemir has kept billet prices unchanged while reducing wire rod prices in its latest sales round, according to the company's latest price list. The company is offering S235JR grade billets at…
The Middle East's crude steel production rose by 3.7pct YoY (YoY) to 32.2 mln tons in the first seven months of 2024, according to the World Steel Association. However, the region saw a 10.1pct YoY decline in July 2024…
Tokyo Steel, a leading EAF-based steel producer in Japan, has decided to maintain stable steel prices for September, marking the seventh consecutive month of price stability. Base prices will remain unchanged, with HRC…
Brazil's Secretariat of Foreign Trade (Secex) has officially launched an anti-dumping investigation into cold rolled flat steel imports from China, according to a recent notification. The investigation, initiated…
ArcelorMittal Brazil has signed contracts for two solar energy projects totaling 465 MW, which will cover 14pct of its current electricity needs. The first project, a 200 MW solar plant in Bahia, is a joint venture with…
Whitehaven Coal has announced separate binding agreements to sell a 20pct stake in the Blackwater coal mine to Nippon Steel Corporation and a 10pct stake to JFE Steel Corporation for a total of USD 1.08 bln. The deals…
Saudi Arabian long steel producer Riyadh Steel reported a slight increase in net profit for the first half of 2024. The company's net profit rose by 0.5pct YoY to SAR 2.53 mln (USD 0.67 mln), according to a recent stock…
Crescent Steel and Allied Products Limited has secured an agreement with the joint venture of China Harbour Engineering Company Limited (CHEC) and Al-Fajr International (AFI) to supply an additional quantity of coated…
India remained a net importer of steel in the first four months of the current fiscal year, which began in April, with China being its largest supplier, according to provisional government data reported by Reuters…
U.S. steel producer NLMK Indiana has successfully commissioned a revamped 118-ton electric arc furnace (EAF) at its Portage, Indiana plant, following a six-week shutdown. The furnace, upgraded by Primetals Technologies…
The European Carbon Border Adjustment Mechanism (CBAM) tax on steel imports and the increasing need for industry decarbonization have led India to reassess its seven-year-old National Steel Policy (NSP), according to…
Thyssenkrupp is expanding its low-carbon steel production research through a collaboration with BlueScope Steel, focusing on smelting units crucial for transitioning to carbon-neutral steel. The partnership aims to…
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